La Quinta, CA 92253,0 Monroe ST

$3,400,000

Est.Price: ?

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Est. payment /mo

12.25 Acres Lot


SOLD DATE : 05/20/2022

Key Details

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 219079094

Sold Date 05/20/22

HOA Y/N No

Lot Size 12.250 Acres

Acres 12.25

Property Description

THE SADDLE RANCH offers a prime central location in affluent La Quinta with a rare approved Tentative Trat Map No. 36561 consisting of 34 single family lots with spacious lot sizes ranging from 8,316 to 12,580 sf. This 12.25 acre luxury new private enclave neighborhood provides exclusivity and is also a short driving distance (via car or golf car) to great shopping, restaurants off Hwy. 111, and golf. This new development will capitalize on the huge recent pandemic demand surge to suburban and second-home markets like La Quinta with ample outdoor recreation activities, which has led to record breaking year over year 29.5% home price appreciation, and less than 1 month of home supply with little new inventory expected on the horizon. Additionally several huge attractions are located nearby including both PGA West which boasts 6 golf courses, and the SilverRock Resort and golf course with the Montage & Pendry hotels under construction there and set to open in 2022. Also, not far, is the Coachella & Stagecoach Festivals at the Polo Grounds. La Quinta is known as one of the most beautiful cities in the Coachella Valley (a.k.a the Gem of the Desert) adjacent to the pristine Santa Rosa mountain range, and is home to nearly 30 golf courses, with an impressive average household income of $126,444.

Location

State CA

County Riverside

Area 313 -La Quinta South Of Hwy 111

Exterior

View Y/N false

Private Pool No

Building

Sewer Other

Others

Senior Community No

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Listed by The Hoffman Company
John Herkenrath

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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